Page 2 of 2 FirstFirst 12
Results 11 to 14 of 14

Thread: Final expense insurance question

  1. #11
    Super Moderator
    Level 10
    xrac's Avatar
    Join Date
    Sep 2009


    Quote Originally Posted by DelfinaManotas View Post
    Go with the Guardian. It is a no-brainer. Guardian is a mutual company with significantly higher financial ratings than UC. The fact that UC is willing to compromise on the term sale (give you a certain rating that you may or may not qualify for) should be enough to tell you why their ratings are lower. There is no mortality (chance you will die) change due to the fact that you have DI with them. This type of discounting across personal lines (life, DI, LTCi) as opposed to PC lines (car, home, etc) shows that the company is just trying to collect more in premium at the expense of proper actuarial underwriting. Take the Guardian knowing it is by far the superior choice.

    There is no doubt that Guardian is a fine insurance company and would be my choice for coverage for someone who is in good health who is looking for a large face amount of Whole Life coverage. However, Guardian is not in the final expense market and would decline someone on oxygen. Final expensive is a market that will usually be a small amount of coverage usually in the $5,000-$15,000 range with some companies going up to $25,000-$30,000. The smallest face amount that Guardian writes I think is something like $75,000. Guardian is a great company but inappropriate in this situation. Listen to JD. He knows what he is talking about. Delfina doesn't have a clue.

  2. X

  3. #12
    New User Level 0
    Join Date
    Dec 2012
    Wichita, Kansas


    Kemper Life is good

  4. #13
    New User Level 0 marthag's Avatar
    Join Date
    Jan 2019


    There are several good companies that offer graded benefit or guaranteed issue whole life policies for people on oxygen. Just take care in comparing the benefits, and know how much you receive during the graded period.

  5. #14
    Senior Member Level 1 DavidBlock's Avatar
    Join Date
    Oct 2010
    Asheville, NC


    So the real answer is, the best company is that which you have when you need it! All of the answers are fine but those that look for either guaranteed issue or final expense coverage really need a broker/agent that has access to a wide market, not just a single carrier. This conversation of who is the best takes me back to my days at New York Life when MetLife, Northwestern Mutual, Prudential, John Hancock and others boasted of their ranking. Again, clients buy the relationship and the plan that best fits their situation. So, who is the best?
    David M. Block, CLTC
    Insurance Specialties, Inc.
    PO Box 1809
    Candler, NC 28715-1809
    800.358.8844 toll free
    828-667-1119 local
    828-667-2229 local fax

Page 2 of 2 FirstFirst 12

Share This Thread!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts